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News and updates from the world’s leading cryptocurrency exchange
Jan 09
2020
Binance Adds GBP Faster Payments Service and Australian Dollar On-Ramp With Global Fiat Solution Banxa

AUSTRALIA––Binance, the leading global cryptocurrency exchange by trading volume and users, today announced a partnership with global fiat on-ramp solution Banxa. Starting today, users can purchase cryptocurrencies directly on Binance.com with the Australian Dollar (AUD), Euro (EUR) and British Pound (GBP) through the Binance Buy Crypto page, and process near-instantaneous low-fee GBP bank transfers on Binance.com via Faster Payments (FPS).

Banxa specializes in a full-service, internationally compliant fiat-to-crypto gateway solution for exchanges, wallets and other businesses operating in the cryptocurrency ecosystem. Partnering with Banxa ensures a smooth and user-friendly journey for Binance users in Australia, the United Kingdom and selected European countries to buy cryptocurrencies on Binance.com. Local payment methods available to users include bank transfers, bill payments and retail payments, as well as global payment methods such as credit and debit cards.

“Banxa allows crypto exchanges, wallets and other crypto platforms to offer instant fiat to crypto conversions. With only one integration, our partners benefit from both local and global payment options while Banxa takes care of all regulation, compliance and chargebacks. We are very delighted to welcome Binance into our growing ecosystem of partners and look forward to working closely with the team at Binance,” said Holger Arians, Banxa CEO.

“We believe fiat will co-exist with crypto for a long time to come. More than 99.9% of the global money supply is still in fiat and we need to continue building bridges to enable easier flow into crypto. In 2020, we aim to add support for all 180 fiat currencies,” said CZ (Changpeng Zhao), Binance CEO. “Banxa is a partner who shares our mission of making cryptocurrency accessible to people around the world.”

Banxa and Binance will be adding more countries and currencies over the coming months to serve a global market, offering more convenient and safe global and local payment methods.

To purchase cryptocurrencies on Binance and for more information, visit:

About Banxa

Banxa is an internationally compliant fiat-to-crypto gateway solution for exchanges, wallets and other cryptocurrency businesses. Banxa offers global and local payment methods with no chargebacks and easy integration to all platforms.